|
PureBytes Links
Trading Reference Links
|
Ken,
It's the composite CMO discussed in Chandre's book [see p110+]
Chandre showed that the average of 3 CMOs approximates a volatility-based
CMO; he suggested periods of 5,10,20.
Steve's FibCMO uses 3,5,8 [among others?] and optimized buy/sell levels.
I've pasted my MS version below.
Bob
----
num1:=Sum(ROC(C,1,$),3);
den1:=Sum(Abs(ROC(C,1,$)),3);
CMO1:=num1/(den1 + .00001);
num2:=Sum(ROC(C,1,$),5);
den2:=Sum(Abs(ROC(C,1,$)),5);
CMO2:=num2/(den2 + .00001);
num3:=Sum(ROC(C,1,$),8);
den3:=Sum(Abs(ROC(C,1,$)),8);
CMO3:=num3/(den3 + .00001);
100*(CMO1 + CMO2 + CMO3)/3; -20; 60;
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Kenneth Adams
Sent: Friday, March 17, 2000 11:54 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: FibCMO
What is a FibCMO? Please and thanks. Ken
John Manasco wrote:
> For Steve Karnish
>
> Hi Steve,
>
> I've been using your FibCMO to trade options on the QQQ for some time now
> and just wanted to say it's doing great. I put the buy line at -50 and it
> has been deadly accurate generating buy signals. The top line has been
kinda
> iffy on generating sell signals but I'm working on refining that too. Went
> long Apr 206 calls yesterday and closed half at 216 for a good profit. The
> other half are now pretty cheap so I'll ride them for awhile.
>
> Thanks again for a great indicator.
>
> John Manasco
>
> PS: Tomorrow is the annual St. Patty's day pub crawl and the aircraft
> carrier George Washington just pulled in and will be dumping 3500 sailors
on
> the streets. Bet most of them will be green by nightfall too!
|